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Tag: tech

Baidu revenue contracts but beats estimates on cloud business growth
Business

Baidu revenue contracts but beats estimates on cloud business growth

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 30 (Reuters) - China's search engine giant Baidu Inc (9888.HK) beat quarterly revenue estimates on Tuesday, underpinned by growth in its cloud business, even as it reported its first year-on-year quarterly revenue contraction in two years.Total revenue shrank by 5% to 29.65 billion yuan ($4.43 billion) in the second quarter, compared with analysts' average estimate of 29.30 billion yuan, according to Refinitiv data.U.S.-listed shares of the company rose 3.2% in premarket trading.Register now for FREE unlimited access to Reuters.comRegisterEven as Baidu's core advertising sales continu...
BeReal app marketed as spontaneous, candid social media platform
Global News

BeReal app marketed as spontaneous, candid social media platform

The emerging app BeReal is being touted as a spontaneous and candid social media platform meant to connect friends in an authentic way. The app launched in 2020 and was created by Alexis Barreyat. The company said the app was created in response to growing sentiments that other social media platforms were too focused on followers and filters.According to a fact sheet from the company provided to Global News, BeReal’s philosophy is to make people “feel good about themselves and their lives. (BeReal) wants an alternative to addictive social networks fueling social comparison and portraying life with the goal of amassing influence.”Dezi Fernando has been using the app for several months and said it has helped her stay in touch with international friends. Read more: Inst...
AMC Entertainment beats quarterly revenue estimates, announces dividend
Entertainment

AMC Entertainment beats quarterly revenue estimates, announces dividend

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 4 (Reuters) - AMC Entertainment Holdings Inc (AMC.N) reported second-quarter revenue marginally ahead of Wall Street estimates on Thursday, as big-ticket films such as "Top Gun: Maverick" drew crowds to movie halls, driving a surge in box-office collections at the world's largest theater chain.AMC also announced a special dividend in the form of preferred stock, to paid on Aug. 19. The company will issue one preferred equity unit for each of the 516.8 million class A common stock.With COVID receding, consumers are increasingly returning to o...
Twitter, Elon Musk lawsuit set for Oct. 17 court date – National
Global News

Twitter, Elon Musk lawsuit set for Oct. 17 court date – National

A Delaware judge ordered a five-day trial to run Oct. 17-21 in Twitter Inc‘s lawsuit seeking to hold Elon Musk to his US$44 billion deal for the social media platform, according to a court filing made public on Friday. Musk, the world’s richest person and chief executive of Telsa Inc, also must file any counterclaims by 5 pm ET on Friday, according to the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court of Chancery. Read more: Twitter blames Elon Musk, weak ad market for earnings shortfall Musk’s lawyers have said he might file counterclaims, essentially his own lawsuit against Twitter, in which he could seek financial damages for the disputed deal. Trending Stories ...
Hispanic Americans Lead the Way in Using Technology,
Technology

Hispanic Americans Lead the Way in Using Technology,

Washington, D.C., July 28, 2022 (GLOBE NEWSWIRE) --   WASHINGTON, D.C. - New research compiled by the cultural intelligence firm, Collage Group, shows that Hispanic Americans are trendsetters in terms of using technology. As a segment, they are super users of the internet, social media, and tech tools. Hispanic consumers are more likely to post to social media daily, and use emerging social media platforms, such as TikTok, among other digital trends. While Americans overall are using such instruments to a greater degree compared to previous years, Hispanic Americans surpassed all groups’ usage rates. The findings are a result of a study called “Hispanic Passion Points,” conducted by Collage Group and released to member brands during a virtual event in late June. Passion Points ar...